12pm update - continuing chop

The main indexes are mixed, with very minor chop that looks set to continue across the afternoon. The market is just cooling down a bit, before the next push into the sp'1750s. Metals are holding gains, whilst Oil remains weak, -1%. VIX is higher, but remains in the insignificant mid 13s.


sp'60min

Summary

Tis a quiet start to the week, there really isn't much to note. The bulls have managed - early this morning, a gain of 101pts across 9 trading days, which is very impressive on any basis.

I realise many are again trying to pinpoint a top, but really, why will the market not just keep on going? After all, the QE fuel continues, and even fear of a slight reduction to $70bn is now off the table until next year.

stock of the day...

NFLX, daily

Anyone doubt NFLX won't be in the $400s..and then 500s before the next grand multi-year equity top is in?


VIX update from Mr T.



time for tea.